Lootom Telcovideo Network Wuxi Co Ltd

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ST Lutong reports net loss of 21.53 million yuan in 2026 interim report

ST Lutong released its 2026 interim report on August 28, 2026. During the reporting period, the company's total operating revenue was 47.9 million yuan, net profit attributable to the parent company was a loss of 21.53 million yuan, and net cash flow from operating activities was a negative 15.74 million yuan, a decrease of 14.49 million yuan compared with the same period last year. The company's latest asset-liability ratio was 16.85 percent, up 3.13 percentage points from the previous quarter and up 4.72 percentage points from the same period last year. Gross margin was 10.74 percent, down 4.16 percentage points from the same period last year. Return on equity was negative 5.41 percent, down 0.93 percentage points from the same period last year. Diluted earnings per share was negative 0.11 yuan, total asset turnover was 0.10 times, and inventory turnover was 1.50 times. The number of shareholders was 5,591, and the top ten shareholders held 74.47 million shares, accounting for 37.23 percent of the total share capital.

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ST Lutong narrows first-half loss to 21.53 million yuan

ST Lutong released its 2026 interim report, showing first-half operating revenue of 47.9 million yuan, up 12.0 percent year on year, while net loss attributable to the parent narrowed to 21.53 million yuan from 21.87 million yuan a year earlier. Second-quarter revenue was 26.6 million yuan, up 49.5 percent year on year, and the net loss attributable to the parent was 14.37 million yuan, down from 17.85 million yuan in the same period last year. As of the end of the second quarter, total assets stood at 486 million yuan, down 4.6 percent from the end of the previous year, and net assets attributable to the parent were 398 million yuan, down 5.1 percent. The company said the broadcasting industry is at a critical stage of transformation, with growth drivers shifting to four emerging businesses: 5G communications, broadband convergence, government and enterprise digitalisation, and cultural digitalisation, while network transmission business is affected by declining traditional broadcasting investment. During the reporting period, the company made no major investment projects and plans no cash dividend, no bonus shares, and no conversion of capital reserve into share capital.

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ST Lutong Wins First-Instance Rulings in Two Lawsuits Seeking to Revoke Corporate Resolutions

ST Lutong has won first-instance rulings in two lawsuits involving the revocation of corporate resolutions. In one case, natural person Xu Liangcai sought to revoke resolutions passed at the company's second extraordinary general meeting of 2025. In the other, Xinghan Innovation Shenzhen Enterprise Management Partnership, a limited partnership, sought to revoke resolutions of the 22nd meeting of the fifth board of directors and the third extraordinary general meeting of 2025. The court dismissed the plaintiffs' claims in both cases, with court acceptance fees to be borne by the plaintiffs. The company notes that both cases are still within the appeal period, the first-instance judgments have not yet taken effect, and the impact on current and future profits remains uncertain. Previously, similar revocation lawsuits filed by natural persons Lin Youshuai and Cai Weiguo were also dismissed at first instance, but the plaintiffs have appealed, and the second-instance hearings have not yet commenced.

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